IDMA WINC 239

WDC aims to improve ethical sourcing structures

Improvements to industry regulations concerning responsible sourcing were the primary topic of discussion at the World Diamond Council’s (WDC’s) annual general meeting (AGM) in Mumbai, India, earlier this month.

Congo condemns alleged crackdown on diamond miners in Angola

The Democratic Republic of Congo has condemned a crackdown on artisanal diamond miners in Angola which has allegedly seen dozens killed and Congo nationals expelled from the country in violation of agreements – a claim Angola denies.

Lucara to begin third party diamond sales with launch of blockchain channel

…the technology – known as “Clara” – would replace inefficient diamond sales through tender. It would also enable the company to sell third party diamonds as well as goods from its Karowe mine in Botswana.

De Beers diamond production falls 5 percent in third quarter

De Beers, the world’s top diamond producer by value, saw rough diamond production decrease by 5% to 8.7-million carats in the quarter ended Sept. 30, mainly due to planned volume reductions in Botswana and South Africa.

Petra tipped to have “turned the corner” on promise of free cash flow in 2019

“A refreshing quarter from Petra Diamonds delivered a production beat across most of the mines including Finsch and Cullinan where production guidance had recently been downgraded,” said Tyler Broda, an analyst for RBC Capital Markets.

Petra Diamonds appoints MC mining chairman as non-executive director

Saskatchewan diamond mine gains provincial approval

The company recently announced the positive results of the independent preliminary economic assessment on the project, which estimates that 66-million carats of diamonds could be recovered in a surface mine over a 38-year project life.